Seeking Alpha

Be Here Now

Be Here Now
Send Message
View as an RSS Feed
View Be Here Now's Comments BY TICKER:
Latest  |  Highest rated
  • The Future Of Seeking Alpha, From One Contributor's Perspective [View article]
    6034700,

    If investing were a zero sum game then I would tend to agree with you. However, as long as the economic pie is growing, it is not. Given that it is not, then shared investment knowledge is like any other transmitted knowledge; we stand on the shoulders of giants.

    I read as much to understand what not to do as to understand what to do. I would never have been made aware of Benjamin Graham if I had not used SA. I would never have been made aware of the risks of paying for over valued stocks if I had not read The Intelligent Investor and had not used FAST Graphs.

    I much prefer to learn from the mistakes of others than to repeat those same mistakes myself.
    Mar 26, 2015. 01:20 PM | 7 Likes Like |Link to Comment
  • The Future Of Seeking Alpha, From One Contributor's Perspective [View article]
    cheryl,

    Brad Thomas
    Robert Allan Schwartz
    Tim McAleenan Jr

    We knew who you meant. Aren't senior moments fun?
    Mar 26, 2015. 12:45 PM | 10 Likes Like |Link to Comment
  • Why Stock Charts Are Misleading For Dividend Investors [View instapost]
    It depends on why and how you use charts. I use them to help identify those times when Mr Market makes highly irrational sell offers, for the stocks that I want to own for their fundamentals. Most of the time, most stocks I want to buy are not on sale. You can use FAST Graphs to visualize where stock prices are in relation to their fair value. You can use technical chart indicators to identify those rare occasions when a stock is not only priced at or below its FG fair value, but also when it is oversold on a technical basis. In my experience, when both FG and technical oversold indicators are sending the same message, it is time to buy.
    Mar 26, 2015. 12:29 PM | Likes Like |Link to Comment
  • CEFL And YYY: Are These CEF Alternatives Worth Owning? [View article]
    skurry,

    Correct.

    We periodically see these types of comments from people who have obviously either not read the product and pricing supplements, or have not understood them.

    Fortunately, we seem to be growing a cadre of investors who do understand them and can help those who do not, like yourself.
    Mar 25, 2015. 06:52 PM | 2 Likes Like |Link to Comment
  • CEFL And YYY: Are These CEF Alternatives Worth Owning? [View article]
    spaceman spiff,

    "2x Leveraged: $50 x 200% gain = $100"

    Not according to my knowledge of percentages:

    == $50 x 200% gain = $150
    == $50 x 100% gain = $100
    Mar 25, 2015. 06:11 PM | 1 Like Like |Link to Comment
  • CEFL And YYY: Are These CEF Alternatives Worth Owning? [View article]
    Gypsy8,

    You have some very fundamental misunderstandings of these products. I suggest you spend a lot of time with one of the product / prospectus supplements and one of the pricing supplements.

    "So when the index decrease 25 % to 75 $, CEFL decrease 25 % to 150 $."

    You need to understand how UBS calculates the Current Principal Amount (CPA). Very briefly it is the prior CPA x (1 + (2 x Index Performance Ratio)), where IPR is the percentage change in the index for the last month. So if the index increases by 10%, then the new CPA is the prior CPA multiplied by (1 + (2x10%)) or a factor of 1.2, i.e. it increases by 20%. The same logic applies to index decreases. If the index decreases by 25%, the new CPA = old CPA x (1 + (2x(-25%))) or a factor of 0.50, i.e. it decreases by 50%.

    "when the ETN increases it increases less than the index and when it decreases it decreases more than the index"

    The exact opposite happens. Look at any of the pricing supplements. There are hyopthetical examples for these market situations. In the example for continuous index increase over one year, the indicative value increases by more than 2x the index at the end of the year. In the example for continuous index decrease, the indicative value decreases by less then 2x the index at the end of the year.
    Mar 25, 2015. 06:03 PM | 2 Likes Like |Link to Comment
  • MORL March Dividend To Bring Yield To 24%, Yellen Holds The Key To The Future [View article]
    There are investing neophytes here. I have no problem helping people who need and accept help.
    Mar 25, 2015. 02:57 PM | 1 Like Like |Link to Comment
  • 'The Death Of The 'Millionaire Next Door' Dream' - A Reply [View article]
    It depends on how demanding you primary job is. Mine was so demanding that I had no mental energy left for anything else. I couldn't have held down a second job. If I had I would probably be dead by now.
    Mar 25, 2015. 02:55 PM | 1 Like Like |Link to Comment
  • 'The Death Of The 'Millionaire Next Door' Dream' - A Reply [View article]
    oslo,

    I go back to when 2nd generation computers ruled (before mainframes for those of you who don't know), and my wife worked with wiring boards. I was a computer programmer back then, and so was she. It took a working lifetime combined with continuous technical self improvement to be able to retire comfortably with no debts. My son went to technical college, earned a computer science degree, and is now a software engineer with a job that pays a lot more than minimum wage, and his skills are in high demand.

    My story has a lot in common with the entrepreneur who has some advanced education but did it on his own. When I was in college there was no computer science program, so I learned it all on the job.
    Mar 25, 2015. 02:49 PM | 1 Like Like |Link to Comment
  • 'The Death Of The 'Millionaire Next Door' Dream' - A Reply [View article]
    In the part of the world where I live, there are a lot of millionaires next door, and their number keeps growing. Their secret? Software engineering. This is a field with ever expanding opportunities, but nor for the 'average guy'. There is a survivorship bias of a sort but not the kind Hiltzik refers to. Only the most capable survive: the nerds.
    Mar 25, 2015. 04:00 AM | 8 Likes Like |Link to Comment
  • The Dividend Aristocrats: Create Your Own Portfolio Or Invest In NOBL? (Part 2) [View article]
    six,

    Before 1999-2001 there was Black Monday, October 19, 1987. EMT cannot explain that away, either.
    Mar 25, 2015. 02:34 AM | 1 Like Like |Link to Comment
  • MORL March Dividend To Bring Yield To 24%, Yellen Holds The Key To The Future [View article]
    perfchart comparing REM to MORL[1], using stockcharts.com total return calculation (prices adjusted for dividends and splits). On this basis I do not see any price decay caused by leverage reset.

    perfchart comparing REM to MORL[2], price return only. Notice the underscore preceding each stock symbol.

    perfchart comparing MORL to MORT[3] using total return.

    You can click on the tab for any of the symbols to convert that symbol's chart line to horizontal. Makes comparison somewhat easier.

    [1]http://bit.ly/1DUCNFI
    [2]http://bit.ly/1DUCNVW
    [3]http://bit.ly/1DUCNW2
    Mar 24, 2015. 02:22 PM | Likes Like |Link to Comment
  • MORL March Dividend To Bring Yield To 24%, Yellen Holds The Key To The Future [View article]
    SeatleView,

    If the index to which MORL is linked drops 30%, will MORL drop 60%?

    The answer is yes if the time period is 1 month or less. If that happens, MORL owners will be forcibly cashed out since this is one scenario in which automatic acceleration will occur.

    If the time period exceeds 1 month, the answer is no, and the amount by which MORL will drop will be less that 2x. You can see this happen in the hypothetical examples in the MORL pricing supplement.
    Mar 24, 2015. 02:13 PM | 1 Like Like |Link to Comment
  • Share Accumulation Averaging Down In A Collapsed Sector: Play-By-Play [View article]
    For anyone who is interested, this [1] is a link to a perfchart that compares spot WTI to BBEP, LGCY, and LINE. If you are not familiar with stock symbols on stockcharts.com, the symbol alone (i.e. BBEP) gives you price adjusted for dividends and splits. The symbol preceded by underscore (i.e. _BBEP) gives you non-adjusted price.

    [1] http://bit.ly/1HxGX3X
    Mar 24, 2015. 01:42 PM | Likes Like |Link to Comment
  • Share Accumulation Averaging Down In A Collapsed Sector: Play-By-Play [View article]
    MAYHAWK,

    The downside of owning AMLP is its expense ratio, currently at 8.56%. Why so high? AMLP is not a tax pass-through entity, unlike MLPs. It is taxed as a C corporation, as is every other ETF that has more than 25% of its assets in MLPs.
    Mar 24, 2015. 01:29 PM | Likes Like |Link to Comment
COMMENTS STATS
4,883 Comments
6,387 Likes